The last high? About 45 years ago in 1976. Can you see that little bump in money stock during the ’08 GFC? … [Read more...]
Last Time Was Different
April 13, 2020 Last Time Was Different Michael Ashton, Director of Research, Real Asset Strategies They say that the four most dangerous words in investing/finance/economics are “This time it’s different.” So why worry, the thinking goes, about massive quantitative easing and profound fiscal stimulus? "After all, we did it during the Global Financial Crisis and it didn’t stoke inflation. Why would you think that it is different this time? You shouldn’t: it didn’t cause inflation last … [Read more...]